The balance sheets at the end of each of the first two years of operations indicate the following:
If net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2?
A) $4.16
B) $4.32
C) $4.02
D) $2.49

Question

The balance sheets at the end of each of the first two years of operations indicate the following: 
If net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2?
A) $4.16 
B) $4.32 
C) $4.02 
D) $2.49

Quizplus · Accepted Answer

The Answer of The balance sheets at the end of each of the first two years of operations indicate the following: 
If net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2?
A) $4.16 
B) $4.32 
C) $4.02 
D) $2.49

The Balance Sheets at the End of Each of the First